Let me give you some hope- If you can get over 400 you will have great chance of getting direct ITA or Ontario PNP. Do the following and you will see the difference-
Scoring CLB 9 in all modules which is minimum IELTS 8777 in LRWS may change your whole scenario.
CRS - Human Capital - Age = 85
Potential CRS - Human Capital - Age = 85 [you cannot change it]
CRS - Human Capital - Level of Education = 112 (Bachelor's Degree in India)
Potential CRS - Human Capital - Level of Education = 119 (Bachelor's Degree+ 1 year diploma)
Potential CRS - Human Capital - Level of Education = 126 (Masters)
CRS - Human Capital - First Official Language Proficiency = 96 (IELTS L7, R8,W6,S8)
Potential CRS - Human Capital - First Official Language Proficiency = 116 (IELTS minimum L8, R7,W7,S7)
Potential CRS - Human Capital - First Official Language Proficiency = 122 (IELTS L8, R8,W7,S8 - assuming you will hold your current Reading & Speaking score)
Scoring minimum 8777 in LRWS may give you 50 extra skill transferability points towards education & foreign work experience
Skill Transferability - Education = 13
Potential (minimum 8777 LRWS) Skill Transferability - Education (Bachelors) = 25
Potential (minimum 8777 LRWS) Skill Transferability - Education (Bachelors + 1 year diploma) = 50
Potential (minimum 8777 LRWS) Skill Transferability - Education (Masters) = 50
Skill Transferability - Foreign Work Experience = 25
Potential (minimum 8777 LRWS) Skill Transferability - Foreign Work Experience = 50
Spouse Level of Education = 8
Spouse First Official Languages (IELTS 6666 in LRWS) = 12
Potential Total CRS with Bachelors + IELTS 8777 LRWS = 408 [Last year low was 413, Eligible for OINP]
Potential Total CRS with Bachelors + IELTS 8878 LRWS = 414 [Last year low was 413, Eligible for OINP]
Potential Total CRS with Masters + IELTS 8777 LRWS = 446 [Direct ITA almost Guaranteed]
Potential Total CRS with Masters + IELTS 8878 LRWS = 453 [Direct ITA almost Guaranteed]
Potential Total CRS with Bachelors & Diploma + IELTS 8777 LRWS = 440 [High Probability of Direct ITA]
Potential Total CRS with Bachelors & Diploma + IELTS 8878 LRWS = 446 [Direct ITA almost Guaranteed]
My Suggestion: Score minimum
Listening 8, Reading 7, Writing 7 and Speaking 7 and Let your
spouse do IELTS as well. Check your potential CRS score using this Official CRS Tool-
http://www.cic.gc.ca/english/immigrate/skilled/crs-tool.asp
Alternatively you can look for Provincial Nomination Program-PNP but they are hard to secure.
Hope this helps you to understand your options. Good Luck!
